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Crestwood: Buyers’ Negotiating Power

It’s time to take another look at lovely, historic (and often stately) Crestwood if you want a larger home and some yard space in NW DC.

There are only seven homes for sale there but they have been on the market for an average of 177 days. This means negotiating power for buyers. And did you know theMayor lives there?

Crestwood is just north of Mount Pleasant, nestled between Rock Creek Park and 16th St. Maybe that’s how the Mayor stays so fit – he can head right into the park and go for a bike ride!

The area is one of DC’s many little jewels. It is often unknown to relative newcomers searching for these kinds of properties but focusing solely west of Rock Creek. For those in the know, they’ll find a mix of older houses and some townhomes, a close-knit and active community, and slightly more real estate bang for the buck. Houses listed now range from $550k to just over $1 million.

Months ago I was intrigued by a potentially fabulous, 7-bedroom house for sale at 1718 Webster St. I just could not tell how much immediate work it might need (if any.) It doesn’t look too bad in the photos. It is still for sale and has been drastically reduced to $850,000. It has over 3,300 sqft, including 3.5 baths, high ceilings, and many elegant details, plus a wrap-around porch. All bedrooms are on the 2nd and 3rd (full) floors. It has been on the market for 242 days and it looks like the sellers are ready to talk.

Other properties worth a second look:

4716 Blagden Ave NW – $998,690 – 5 bed/3.5 bath tudor built in 1927. Again, all bedrooms are on the upper floors. The decor has not been updated but it is an elegant, substantial looking-house. There is a roof deck, as well as a screen porch, which comes in handy with all these pesky Asian Tiger Mosquitos! It looks like there is no central A/C. The house has been on the market for a year and the last price reduction was in March.

4235 Blagden Ave NW - $975,000 – 4 bed/3.5 bath contemporary house with nearly 3,300 sqft of living space. The lot is very large although I think it may be on a hill. It is almost inside Rock Creek Park. The home’s interior is modern and updated, with many large windows and an open floor plan. It is worth checking out the virtual tour, even if the “California-style” exterior does not initially draw you in. It has been on the market for 277 days, with only one price reduction thus far, in March.

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